Accenture Abandons Annual Performance Reviews

business_ethics_highlights_2The more rigid the annual performance review process, the more likely are employees to game the system: doing things that make them look good in the abstract world of the performance review rather than things that actually help in context. One of the world’s largest consulting firms has had enough. >>>

LINK: In big move, Accenture will get rid of annual performance reviews and rankings (by Lillian Cunningham in Washington Post)

The firm will disband rankings and the once-a-year evaluation process starting in fiscal year 2016, which for Accenture begins this September. It will implement a more fluid system, in which employees receive timely feedback from their managers on an ongoing basis following assignments.

Accenture is joining a small but prominent list of major corporations that have had enough with the forced rankings, the time-consuming paperwork and the frustration engendered among managers and employees alike. Six percent of Fortune 500 companies have gotten rid of rankings, according to management research firm CEB.

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